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We’re proud to announce that Parallel V3 is live, starting with USDp!
What’s new? A lot!
- A modular architecture for stablecoins issuance
- Depeg protection
- Native saving assets
- Crosschain by design
- and more.
blog.parallel.best/parallel-…
Most stablecoins ask you to trust a monthly report.
USDp asks you to check.
The reserves sit in public contracts on Ethereum, Base, HyperEVM, and Avalanche. No bank, no custodian, no multisig holds them, and the DAO has no withdrawal function.
Open the dashboard, read the contracts yourself, or just ask Claude through the Parallel MCP server.
Check it now 👇
Parallel doesn't run on Railway and isn't affected.
A quick reminder of how we keep Parallel secure:
• Our frontend is hosted on Vercel and holds no keys that can move user funds
• USDp lives in on-chain contracts governed by 5/8 DAO multisigs
• Keepers are DAO-whitelisted, and the sUSDp rate is capped at 35%
• Hypernative monitors every V3 deployment and can pause the protocol automatically
• x402 payments settle straight to the merchant's wallet
• Our apps are updated with every release that patches a potential vulnerability
User funds are safe.
Full security setup in our docs 👇
An urgent notice from the Railway team
blog.railway.com/p/security-…
What if your API revenue started earning the second it landed?
With Parallel x402, you choose the token you get paid in. Pick sUSDp, Parallel's savings token, and every payment an agent sends you arrives already earning 7.5% APY today.
The agent can pay in USDp, USDC, or sUSDp. Any conversion happens inside the same settlement, with no extra platform fee.
Straight to your wallet. No account, no holding period.
Try it now 👇
Paying for an API usually means paying upfront, whether the call works or not.
With Parallel x402, the agent's payment is checked first, your API runs, and money only moves once the response succeeds. If the call fails, nobody pays.
When the cost is only known at the end, like an LLM call, the agent signs a cap and gets the unused part refunded on-chain in the same settlement.
Zero platform fees. Gas sponsored on Base, HyperEVM, and Avalanche.
More below 👇
Want to track Parallel's numbers over time? It takes one line in your terminal:
parallel protocol tvl --history
You get the protocol's daily TVL history, built by DeFiLlama from on-chain data. No account, no API key, no wallet. If data can't be reached, the CLI says so.
Drop --history and you get today's TVL, read live from the chain.
Try it now 👇
Proposal: gov.parallel.best/t/pgp-46-l…
Putting idle USDC to work used to mean a transfer, a mint, a deposit, and maybe a few tabs open.
Now it's one prompt in Claude: "Mint 1,000 USDp from USDC on Base, put it in savings, and tell me the current yield. My wallet is 0x…"
The Parallel MCP server checks the live sUSDp rate, 7.5% APY today, then builds and simulates both transactions. Each approval covers the exact amount.
Your wallet signs.
Try it now 👇
